Economics Punjab PMS Paper II Syllabus
PAPER – II MACROECONOMICS Total Marks: 100 PART I 1. What is Macroeconomics?: Major macroeconomic issues. Economic models. Stocks and flows, National income accounting, circular flow of income, real versus nominal GDP, the GDP deflator, the consumer price index, economic growth, actual versus potential output, business cycles and their phases, definition of full employment,…